Sep, 30, 2025 — FREEDOM CREDIT UNION is a federally insured state chartered credit union headquartered in PROVO, UT with 2 branch locations and about $67.13 million in total assets. Opened 70 years ago in 1956, FREEDOM CREDIT UNION has about 3,913 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FREEDOM CREDIT UNION |
|---|---|
| Address: (Main Office) | 815 N Freedom Blvd PROVO, UT 84604-3315 |
| Phone: | (801) 375-2120 |
| Fax: | (801) 377-0435 |
| Website: | https://www.freedomcu.com/ |
| Branches: | 2 branch locations |
| Members: | 3,913 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67129 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Aug 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $67,130,284 |
| CEO/Manager: | Ken Payne |
| Chairperson: | Thomas L Crabb |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,454,265 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 24,936,963 |
| Unsecured Loans | 1,177,019 |
| Other Loans | 20,476,963 |
| TOTAL LOANS | 46,590,945 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -228,210 |
| Land And Building | 3,475,040 |
| Other Fixed Assets | 354,165 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 542,720 |
| All Other Assets | 6,503 |
| TOTAL ASSETS | 67,130,284 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 122,597 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 444,030 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,774,106 |
| Regular shares | 21,636,321 |
| All Other Shares & Deposits | 26,905,062 |
| TOTAL SHARES & DEPOSITS | 59,315,488 |
| TOTAL LIABILITIES | 59,882,115 |
| Regular Reserve | 0 |
| Other Reserves | 3,041 |
| Undivided Earnings | 7,245,128 |
| TOTAL EQUITY | 7,248,169 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 67,130,284 |
| INCOME & EXPENSE | |
| Loan Income | 2,319,408 |
| Investment Income | 317,151 |
| Other Income | 101,499 |
| Total Employee Compensation & Benefits | 683,540 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 812,579 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 164,259 |
| Cost of Funds | 941,301 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 366,949 |
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